Aew Uk Reit Share Discussion Threads

[skinny] 25/4/2022 07:03

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Eastpoint Business Park, Oxford

AEW UK REIT plc (LSE: AEWU) ("AEWU" or the "Company") announces that, following a marketing campaign, it has agreed terms to sell its office asset located in Eastpoint Business Park, Oxford for approximately GBP37 million. The agreed sale price represents a significant premium to the carrying value of the asset at 31 March 2022 and the Company received a number of offers at similar levels. For illustrative purposes only, if this valuation had been included in the 31 March 2022 NAV, it would have added approximately 11 pence to the Net Asset Value per share.

It should be noted that there is no guarantee that the transaction will complete and there will be a number of factors that may impact the next net asset value produced by the Company, which will be for the period ending 30 June 2022.

[solarno lopez] 23/4/2022 12:08

Thank you petewy

[petewy] 23/4/2022 12:03

Solarno hombre trato

[solarno lopez] 23/4/2022 09:51

What page please as I do not see it

[alter ego] 22/4/2022 15:26

tipped today by S Thompson in the IC

[skinny] 22/4/2022 14:59

ATH @129.40 and still yielding 6+%.

[chippy hackee] 22/4/2022 14:56

I'm hoping the valuers haven't over-cooked the Eastpoint asset, not sure it's being terribly well received by the market. Suspect it will be a propco type buyer rather than one of the big lifescience groups.

[ryesloan] 21/4/2022 10:51

They seem to have a knack of finding good value assets.Fund raise incoming though so sure to be at a small discount to current price and probably a smidge above NAV.They certainly deserve some extra capital to play with that's for sure.

[nickrl] 21/4/2022 08:43

AEWU first out the blocks i believe this qtr with NAV update pushing on another 7.4% to 120.6p. Interesting that they cite office assets as biggest contributor but does look like a one off gain on an Oxford property. Its extraordinary how some asset values are getting a massive boost up when a new letting has been achieved e.g

"The Company's industrial asset in Basildon, Apollo Business Park, saw valuation growth of 22.5% during the quarter following the signing of a new five-year lease at a rent 15% ahead of valuer's previously estimated levels"

Income still insufficient to cover divi which they acknowledge but with Bath St now pretty well locked in for completion shortly they will be in position to recycle proceeds to get cover back up.

This one has been a start performer for good reason but to push on further needs the managers to continue to recycle but I suspect the big opportunities are fast disappearing as valuations have played catch up and thus not so much mis-pricing about.

[spangle93] 21/4/2022 08:41

Impressive NAV increase for the quarter to 120.63p

Dividend of 2p maintained, though coverage only 78%

Described as temporary blip, due to 0.21pps missing from Bath St Glasgow, where renter has left due to empty property being a condition of planned sale

[spin doctor] 23/3/2022 10:21

OK, I'm out of these now but will watch.
Management is top notch.
But discount eliminated, and the prospect (inevitability) of 'growing its capital base' is likely to cap share price growth in the short term.

[catch007] 16/2/2022 15:41

fred177: Thank you much appreciated

[fred177] 16/2/2022 14:55

They announced bath street planning approval on the 11th check their website for RNS

[raptor_fund] 16/2/2022 12:31

I feel I can add to the PRYZM story, having held AEW for several years and also being current student @ Cardiff. The club is mainly frequented by first year students and sixth form students. It's in competition with this night club called story next door which was redone recently, but a lot of people prefer PRYZM. The building itself is part beautiful old victoeian, and part newer addition, I'd say redevelopment of the old part would be tricky but the new part would be a good location for a tower. It's on the corner of a good busy street and a street that's dead during the day, but with a couple of club's mainly for students. The town going out place is in a slightly different locale.

[catch007] 16/2/2022 12:26

Bath Street sale is more important now accounting for circa 6% void until planning permission achieved - Alex Short was hopeful it would be given last week and sale completed next quarter however we await news.

[spectoacc] 16/2/2022 12:03

Where else do you get a yield like that sufficient to cover the divi I guess. And barring worse variants, Covid/lockdowns do finally seem to be behind us.

[catch007] 16/2/2022 12:01

Surprising purchase given night club risk. I guess not a large deal, good yield and decent tenant. No news re Bath Street planning permission as yet?

[ammons] 16/2/2022 07:17

Bought a night club.......................

[ryesloan] 01/2/2022 11:37

I wonder if they will address raising funds? Their track record speaks for itself and with the share price now back to a premium now might be a good time to grow the assets under management. At under £200m this is still a small trust so could do with scaling a touch I think...would help to bring the OCF down.

[badtime] 28/1/2022 11:24

Doh ..got my weeks mixed up ..sigh

[chucko1] 27/1/2022 19:40

No - it went ex-div today. Explains 2p of the drop (of around 2.8p).

[badtime] 27/1/2022 19:36

Seeing the drop I thought it was ex div ...but thats not until next Thursday

[skinny] 26/1/2022 07:52

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AEW UK REIT Plc is pleased to announce that Alex Short, Portfolio Manager, and Henry Butt, Director, will provide a live presentation relating to the three-month period ended 31 December 2021 via the Investor Meet Company platform on 8 February 2022 at 10:00am GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 09:00am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet AEW UK REIT Plc via:



Investors who already follow AEW UK REIT Plc on the Investor Meet Company platform will automatically be invited.

[fred177] 21/1/2022 12:20

AIRE not as dull as you may think Glesntone adding again this week through Adam Smith,theyve also chaned their name to Glenstone REit and moved to fancy new offices in Duke Street from East Sheen. A bid must be in the offing

[brucie5] 20/1/2022 12:46

Very happy with this. What a great income stock it's been since March last year when I first bought in... 36% + divis.